Dairy company Fonterra (ASX:FSF) has flagged significant monthly production declines in New Zealand and Australia with monthly production easing in the US and holding at current levels in the EU.
Fonterra’s New Zealand milk collection in April was 109 million kgMS, down 9 per cent on last year.
Meantime, exports from New Zealand and the EU continue to grow while Australian and US exports decline.
Imports into Asia and China show strong growth. Latin America and Middle East & Africa down.
Shares in Fonterra (ASX:FSF) are trading 1.3 per cent lower at $3.80 .